Calendly

How it happened

Calendly is a US scheduling-software company that raised at a $3B valuation in early 2021. As the SaaS funding boom cooled, third-party estimates from PitchBook marked its value down sharply, citing it as one of the largest SaaS fallen unicorns. The estimated decline of roughly 60% would put it below the $1B threshold, though as a private firm the markdown reflects an external estimate rather than a realized round. Employees described the same reset from inside: Glassdoor reviews from 2023-24 noted that the company's internal equity units lost most of their value and were cashed out while underwater, alongside a 2023 workforce reduction and trimmed perks and stipends as the boom faded.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.